(70 ILCS 1205/13-8)(from Ch. 105, par. 13-8)Sec. 13-8. In addition to the method of dissolution provided in other
sections of this Article, any park district situated wholly within the
corporate limits of a city, village or incorporated town (hereinafter
called a "municipality") may be dissolved and discontinued with the
consent of a majority of the legal voters of both the park district and
the municipality concerned. The vote of the people of the park district
and of the municipality may be had upon like petition, proceedings, and
referendum as is provided in Section 13-1 of this Code.If a majority of the legal voters of the municipality concerned vote
to concur in the dissolution of the park district, then all members of
the board of the district, whether their terms have expired or not,
shall cease to have any power or authority, and all parks and all other
property owned or controlled by the park district shall vest in and be
controlled by the municipality. For the purpose of closing up the
business of the park district, the corporate authorities of the
municipality shall constitute the acting board for such district and
shall act without compensation. They shall proceed to close up the
business affairs of such park district and shall have all the powers of
the former board of such district, before dissolution, that are
necessary therefor, and shall have power to levy taxes for the purpose
of paying outstanding debts, obligations or liabilities, and the
necessary expenses of closing up the business of the park district.If, subsequent to the dissolution of a park district under this
Section a new park district coterminous with the municipality is
organized as the result of a petition filed within one year after such
dissolution, all the parks and other property that vested in the
municipality as a result of such dissolution shall thereupon vest in the
newly organized park district, and the newly organized park district
shall succeed to all the outstanding rights and obligations of the
dissolved district, and the power and authority of the corporate
authorities of the municipality with respect to the affairs of the
dissolved district shall terminate.(Source: P.A. 88-426.)